Petroleum engineering degree holders are highest paid engineers

Amongst many prominent fields of engineering, Petroleum Engineering holds a significant place. Petroleum engineering degree holders are highest paid engineers It basically deals with the processes and methods employed in the synthesis of hydrocarbons and exploration of natural resources like most importantly oil and gas. The oil and gas industry is quite rich in saturating the petroleum engineers. The exploration and production are indeed an integral part of petroleum engineering and issues relating to energy sector, are catered for by Petroleum Engineering domain. The two main disciplines which directly fall under the domain of petroleum engineering are:

Exploration, which is performed by earth scientists.

Petroleum Synthesis, done by petroleum engineers which aims to improve the quality and to regulate the cost of hydrocarbons from natural reservoirs.

The central focus of Petroleum Engineering is the estimation of a certain recoverable volume of the explored resources by utilizing the knowledge about the physical and chemical characteristics of water, oil and gas.

History of Petroleum Engineering:

Petroleum Engineering is not so old enough to be from the ancient times as at first, there never used to a concept of digging or exploring. The main concern was survival and sustenance. Petroleum Engineering started in 1914 in American Institute of Mining from where, the first batch was conferred upon the degrees in 1915 by the university of Pittsburgh. Since its inception, petroleum engineering has made remarkable achievements and its perks have solved many energy related problems of human beings. Many teams were disseminated in various parts of the world to explore and search for natural resources and their reservoirs.

From 1900 till 1920, petroleum engineering mainly focused on the problems related to drilling. Additional tasks included establishing the casing points for water and improvement of mechanical operations involved in drilling. Afterwards, petroleum engineering found its use in devising methods and procedures for better well designs, improving the tubing sizes of pipes and chokes. In mid 1950s, much advancement was observed in the field of petroleum engineering which the new and improved forms of artificial lifts were introduced. Also much effort was employed to optimize the rod pumping and gas lifts. Methods of drilling fluids from the reservoirs and improved directional drilling were introduced which increased the demand of petroleum engineers in the middle east which has now become the largest and most active supplier of oil and gas across the globe.

What do Petroleum Engineers do:

The Petroleum Engineers have found a great saturation rate in oil and gas companies. Engineers are entitled with several tasks including designing, testing and implementing effective and efficient methods to extract petro products from the earth and even from the sea beds. Most of the time is spent on estimation and on wild yet logical guesses because nobody knows what is going on with what, under hundreds of meters beneath the sea or earth.

They are supposed to work in teams with other scientists and researchers including the geologists who help the engineers in locating the reservoirs or at least calculating the probability of the known reservoirs. Once the site has been located and tested, they join their heads to manufacture the devices and machinery to extract as much oil or gas as possible. The process of monitoring the drilling and extraction is also overlooked by petroleum engineers.

Sometimes, while making important decisions like the price of the resources and the cost incurred on the entire drilling process, a petroleum engineer is made to sit in a panel. The panel comprises all the officers of the helm and thus after a detailed argument, a certain price of the oil is set and then announced. Currently, there is much need of petroleum engineers because every country is blessed with natural resources and every country wants to be self-reliant so far the matter of depleting energy sources are concerned.

Tasks Entitled to a Petroleum Engineer( highest paid engineers)

After doing much research, we have eked out some of the job outlines in which the petroleum engineers are employed to unleash their potential. The points are as follows:

Studying geological and geophysical information in order to determine the most effective and efficient drilling methods.

Development of handy tools and huge machines along with necessary equipments which are used in the extraction of natural resources from their reservoirs.

Operating the machines and tools via the computer because nobody can be allowed near an oil extraction field due to immense heat unfavorable environment.

Overseeing the work being done by the team assigned to the engineer to get the work done.

Managing the overall production of a certain site.

Supervision and safe removal all the equipments and machines which were being used in the drilling.

Properly managing the winding up of the whole setup once the work is completed.

The working environment of the petroleum engineer can vary from a regional or a sub-office to the drilling site. If you are senior enough in an industry and have got much experience, you will be the one briefing the teams while sitting in an air-conditioned office. If you are a fresh graduate and have just got the job, you are most likely the best fit to be dropped on a site to do the work of an on-field petroleum engineer.

Job Outlook:

The employment rates of Petroleum Engineers have observed a considerable increase of about 10% from year 2004 to 2014, more than any other field. It can be inferred that opting the petroleum engineering won’t be a mad choice if you want to get jobs as early as possible even just with a bachelor’s degree.

Petroleum engineering degree holders are highest paid engineers

Indeed the best part where most of our readers are interested in. The average salary of a petroleum engineer was about $130,000 as recorded in May, 2014.Talking about the lowest earned salary, it amounted to be $73,990. Top of all, the highest paid petroleum engineers were enjoying massive salary packages amounting to a total of about $188,000 and all these salaries are subject to increase with the passage of time and performance portrayed by the engineer himself.

Conclusion:

Since it is a known fact that middle-eastern countries are quite well-endowed in natural resources, it is a better opportunity for the petroleum engineers to seek jobs there first. Keep your grades high, make yourself acquainted to all the industrial processes and on-site methods by doing internships. Make a perfect graduate profile and see yourself reaching the pinnacles of success. According to payscale.com petroleum engineering degree holders are highest paid engineers.